Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Wolt on a $130 million growth capital raise led by ICONIQ Capital.

Wolt is a Helsinki-based food delivery service with operations in 15 countries and 50 cities, serving food from over 5,000 restaurants to homes and offices. The new funding will support international expansion. Other investors in this round include Highland Europe and existing shareholders 83North, EQT Ventures and Lifeline Ventures.

The transaction underlines Arma Partners’ increased focus on providing private capital funding solutions to both entrepreneurial and corporate clients through its growing Private & Growth Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction also highlights the firm’s deep sector expertise in digital marketplaces and excellent footprint in the Nordic countries.